myrmepropagandist on Nostr: "Most of its expenses are tied to interest on debt, although TMTG also had around a ...
"Most of its expenses are tied to interest on debt, although TMTG also had around a $16 million operating loss for 2023."
Since the total operating losses were $58 million that's $42 million just for interest on debt! *Interest.* How big is the debt? How was it incurred? This is a social media company using tweaked open source software. They didn't make a new technology, there is no need for a huge investment to get a website running.
Where did they money go?
https://www.axios.com/2024/04/01/trump-truth-social-revenue-2023
Since the total operating losses were $58 million that's $42 million just for interest on debt! *Interest.* How big is the debt? How was it incurred? This is a social media company using tweaked open source software. They didn't make a new technology, there is no need for a huge investment to get a website running.
Where did they money go?
https://www.axios.com/2024/04/01/trump-truth-social-revenue-2023